Creating a New Year’s resolution is something many people do to establish good habits in the new year. Some of us focus on our physical or mental health – such as eating healthier, hitting the gym, or setting time for morning meditation. But what about making New Year’s resolutions for your business? To help make 2021 your best year yet, see the list of suggested New Year’s resolutions for financial advisors.
- Make Personal Time a Priority
2020 was probably one of the most challenging years for the world as we battled a global pandemic. During this time, you probably initiated a work-from-home plan for your practice. While this was necessary to combat the pandemic, it also may have caused a blurring of the line between work and personal life.
For 2021, schedule some restorative time in your calendar. This can include long weekends, vacations, and the occasional day off. Right away you will experience some important benefits such as mental clarity, improved focus, and increased productivity., This time off will help you prevent “burning out” and allow you to stay more focused and motivated toward work during the busier times.
- Set Goals and Develop a Plan to Achieve Them
Schedule some time in your calendar to think about the business goals you want to achieve this year. Start by drafting a simple one-pager focusing on the activities and goals that are most important to your team and practice growth. Throughout the year, regularly visit this document to review, revise, and track your progress. Set a calendar reminder to prompt you to do this once a month. When your business goals remain top of mind throughout the year, you will be more inclined to achieve them.
- Let Go of Control
You have selected a group of smart and capable professionals who have helped grow your business, supported your work, and embodied your firm’s values. In 2021, consider enabling these valuable employees to grow more and come into their own by giving them greater autonomy. Delegate any tasks you think suit a team member’s expertise, or something they have expressed interest in spearheading. Then, let them go, and check in sparingly. Your staff may stumble or even fail, but with your help, they will learn and grow as professionals. At the end of the year, appreciate how they have flourished.
Making practical and achievable New Year’s resolutions and sticking to them is a great way to improve your professional and personal life and can put you and your staff on a path to better happiness and success.
To find out more information on this topic or how SFA Partners can help your business, please email us at email@example.com or call at (888) 447-2444.